£100 Loans with an Instant Decision.

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At Payday UK, we work hard to introduce you to the best £100 loans from our panel of lenders, 24 hours a day 7 days a week.

£100 Loans

Sometimes you just need a small amount to bridge the gap until payday. A £100 loan can help cover unexpected costs like a car MOT, an urgent bill, or a household repair that simply cannot wait.

PaydayUK connects you with an industry-leading panel of FCA-regulated lenders through one simple application. Our soft credit check technology means checking your eligibility will not affect your credit score.

We have helped over 1 million customers since 2020 and process more than 7,500 loan applications every single day. Best of all, our service is completely free with zero broker fees.

Whether you need a 100 pound loan for a few weeks or prefer to spread repayments over several months, our lender panel offers flexible options to suit your circumstances. Check your eligibility in just 60 seconds.

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What Is a £100 Loan?

A £100 loan is a small, short-term borrowing option designed to help you manage unexpected expenses quickly. These loans are typically repaid over 3 to 6 months, making them more manageable than traditional payday loans that required full repayment on your next payday.

Unlike larger loans that require extensive paperwork and lengthy approval processes, a 100 loan can often be arranged within hours. This speed makes them ideal for genuine emergencies where timing matters.

Common reasons people apply for a £100 loan include:

● Covering an unexpected MOT repair or car service
● Paying an urgent utility bill to avoid disconnection
● Replacing a broken household appliance
● Managing a short-term cash flow gap before payday

Through PaydayUK, you can access 100 pound loans from lenders who consider applicants with various credit histories, including those with past credit difficulties.

How £100 Loans Work Through PaydayUK

Getting a £100 loan through PaydayUK is straightforward. Our technology does the hard work of comparing lenders so you do not have to.

Step 1: Complete our online application in around 2 minutes. We only ask for essential information to match you with suitable lenders.

Step 2: We search our lender panel instantly using a soft credit check that will not affect your credit score or appear on your credit file.

Step 3: Compare your matched offers from multiple FCA-regulated lenders. See the rates, terms, and total repayable amounts clearly.

Step 4: Choose the option that suits you or decline all offers with no obligation. You remain in complete control throughout.

Step 5: Receive your funds quickly if approved. Many lenders offer same-day transfers, with some customers receiving funds within the hour.

The entire process from application to funding can take as little as 10 minutes in many cases, depending on the lender and your bank.

How Much Does a £100 Loan Cost?

We believe in complete transparency about costs. Short-term loans typically have higher APR rates than traditional bank loans, but the actual cost in pounds and pence is often much lower than the APR suggests because you borrow for a shorter period.

Representative Example

Our representative APR is 91%. Here is what borrowing £100 might look like in practice:

Amount borrowed: £100
Repayment term: 3 months
Monthly payment: Approximately £38
Total repayable: Approximately £114
Total cost of credit: Approximately £14

The exact rate you receive depends on several factors including your credit history, the lender you are matched with, and your chosen repayment term.

Why APR Rates Vary

APR rates for £100 loans can range from 9.3% to 1,721% across our lender panel. This variation exists because:

● Different lenders have different pricing structures
● Your personal credit profile affects the rate offered
● Shorter loan terms typically show higher APRs
● Each lender assesses risk differently

Always check the total amount repayable rather than focusing solely on APR. This gives you the clearest picture of what the loan will actually cost.

FCA Interest Rate Caps

All lenders in our panel must comply with FCA regulations that protect borrowers. These caps include:

● Maximum 0.8% interest per day on the amount borrowed
● Maximum £15 default fee if you miss a payment
● Total cost cap of 100% meaning you will never repay more than double what you borrowed

These protections mean that even if you experience difficulties, the total cost of your 100 pound loan is legally limited. For shorter repayment options, see our 3 month loans page.

Who Can Apply for a £100 Loan?

Our lender panel considers applications from a wide range of circumstances. Meeting the basic requirements does not guarantee approval, but it does mean you are eligible to apply.

Basic Requirements

● Age: You must be at least 18 years old
● Residency: You must be a UK resident
● Income: You need a regular income of at least £500 per month
● Bank account: You must have a UK bank account with a valid debit card
● Contact details: You need a valid email address and UK mobile number

Credit Considerations

Having past credit difficulties does not automatically disqualify you. Our panel includes lenders who specialise in helping people with imperfect credit histories.

These lenders focus more on your current affordability than past mistakes. They want to see that you can comfortably manage repayments from your regular income.

However, we cannot help if you are currently bankrupt, in an Individual Voluntary Arrangement (IVA), or subject to a Debt Relief Order. If you are experiencing serious debt problems, please contact MoneyHelper for free, impartial advice.

Why Use a Broker Like PaydayUK?

When you need a £100 loan quickly, searching individual lenders one by one wastes valuable time. PaydayUK simplifies the process by doing this for you.

● Multiple lenders, one application: Your single application searches our entire panel instantly, increasing your chances of finding a match
● Save time comparing: See offers from multiple lenders side by side without visiting each website separately
● Protect your credit score: Our soft search does not affect your credit rating, unlike applying directly to multiple lenders
● Zero fees ever: PaydayUK never charges you anything. Our service is completely free
● FCA protection: Every lender in our panel is authorised and regulated by the Financial Conduct Authority
● Industry-leading panel: We work with some of the UK’s most established short-term lenders

Our technology matches you with lenders most likely to approve your application based on the information you provide. This smart matching approach saves time and improves your chances of success. You can also explore our instalment loans for flexible repayment options.

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What to Consider Before Applying

A 100 loan can be genuinely helpful in the right circumstances, but it is important to borrow responsibly. Ask yourself these questions before applying.

● Do you genuinely need to borrow? Could you wait until payday, ask family for help, or use savings instead?
● Can you afford the repayments? Make sure monthly payments fit comfortably within your budget after essential expenses
● Have you considered alternatives? Credit unions, 0% credit cards, or employer salary advances might be cheaper options
● Do you understand the total cost? Check the total repayable amount, not just the monthly payment

Free Debt Support Resources

If you are struggling financially, these organisations offer free, confidential advice:

● MoneyHelper: Government-backed service offering impartial money and debt advice at moneyhelper.org.uk
● StepChange: Free debt advice charity available at stepchange.org or 0800 138 1111
● Citizens Advice: Local, face-to-face support for debt and benefits at citizensadvice.org.uk

How PaydayUK Protects You

Your safety and security are our priorities. We operate under strict regulatory oversight and maintain robust data protection measures.

● FCA authorisation: PaydayUK operates as an Appointed Representative of Flux Funding Limited (FRN 806333). Our own reference number is 921539
● Data protection: We are registered with the Information Commissioner’s Office (ICO registration ZA654345)
● Secure application: All data is encrypted using bank-level security protocols
● Credit score protection: Initial eligibility checks use soft searches that do not appear on your credit file
● Right to withdraw: Under the Consumer Credit Act, you typically have 14 days to cancel a credit agreement

The Application Process

Applying for a £100 loan through PaydayUK is designed to be quick and straightforward. Here is exactly what to expect.

What You Will Need

● Personal details: Full name, date of birth, address
● Contact information: Email address and UK mobile number
● Employment details: Your employer name and income
● Bank details: Sort code and account number for the account where you receive income
● Monthly expenses: Approximate figures for housing, bills, and other commitments

Timeline

● Application: Takes approximately 2 minutes to complete
● Matching: Our system searches lenders instantly
● Decision: Most customers see results within 2 to 5 minutes
● Funding: Same-day transfer available for many approved applications

After You Apply

Once you submit your application, our technology instantly searches our lender panel. You will see a list of matched lenders with their offers displayed clearly.

If you choose to proceed with an offer, the lender will perform a full credit check at that point. This hard search will appear on your credit file. You will only reach this stage if you actively choose to accept an offer.

If no lenders are currently available for your circumstances, we will let you know immediately. Your credit score will not be affected, and you are welcome to try again if your situation changes.